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9
Sep
2015

Since the 1970s hourly compensation for the typical US worker has essentially stagnated, even as net productivity continued to increase. This trend continues to the present day and from 2000 to 2014, net productivity grew by 21.6%, while the hourly compensation of a typical worker grew by just 1.8% according to the Economic Policy Institute (EPI) think-tank.

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8
Sep
2015

The US employment ratio in August 2015 was at 59.4% — the same level as the recession trough in June 2009 and not previously recorded since March 1981. Meanwhile the labour force participation rate in August at 62.6% was 3.1% lower than in June 2009 and until June 2015 when it was also at 62.6%, the low level had not been seen since early 1978 when increasing numbers of married women began joining the workforce.

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8
Sep
2015

China's foreign trade in August dropped 9.7% year-on-year, with exports falling 6.1% and imports plunging 14.3%, official data showed on Tuesday. The trade surplus jumped by 40%. China's statistics authority on Monday lowered the country's growth rate for 2014 to 7.3% from its original estimate of 7.4%.

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8
Sep
2015

The world's forests continue to shrink as populations increase and forest land is converted to agriculture and other uses, but over the past 25 years the rate of net global deforestation has slowed down by more than 50%, the Food and Agriculture Organisation (FAO) of the United Nations said in a report published Monday.

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4
Sep
2015

US nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1%. Employment rose in health care and social assistance and in financial activities, while manufacturing and mining employment declined. The broad rate of unemployment was 10.3%.

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3
Sep
2015

Chinese markets were closed today (and Friday is also a public holiday) as a massive military parade in Beijing aimed at "rekindling the glorious past of forces led by the Communist Party of China (CPC) in defeating Japanese invaders in World War II," according to official media — the United States defeated Japan and within China the nationalist government of the Republic of China also played a significant part.

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2
Sep
2015
2
Sep
2015

Growth in the global manufacturing sector remained lacklustre during August. The rate of expansion in production volumes eased to the weakest seen in 28 months and the pace of increase in new business stayed close to recent lows. In the US factory output fell to a more than two-year low in August, but strong data on car sales and construction spending suggested the economy remained on a solid footing.

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1
Sep
2015

In the first half of 2015 global trade fell in the worst performance since the first half of 2009 at the height of the financial crisis. Further to World Bank research published in August which showed that devaluations were losing their firepower, this week the Financial Times reported that FT research based on more than 100 emerging market economies (EM) countries showed that "any currency war between developing nations is likely to be even more damaging than previously thought, leading to a reduction in global trade and possibly economic growth, rather than just reapportioning a fixed level of trade between "winners" and "losers."

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1
Sep
2015